FINWIRES · TerminalLIVE
FINWIRES

Dhruv Consultancy Services Wins INR56 Million Contract; Shares Up 4%

By

Dhruv Consultancy Services (NSE:DHRUV, BOM:541302) received a letter of award worth 55.8 million Indian rupees from the National Highways Authority of India, according to an Indian bourse filing on Friday.

Shares of the company rose over 4% in Monday's trade.

The contract is for supervision consultancy services related to maintenance and periodic renewal work on a section of NH-52 in Maharashtra, the filing said. The project covers the Aurangabad-to-Karodi and Karodi-to-Telwadi stretches with a total length of about 80.4 km, it added.

It will be executed in over 60 months.

Related Articles

Asia

Japan Prime Realty Investment Secures 3 Billion Yen to Repay Maturing Debt

Japan Prime Realty Investment (TYO:8955) is borrowing 3 billion yen from The Nishi-Nippon City Bank, with the drawdown scheduled for May 27, according to a Tokyo bourse filing on Monday.The borrowing consists of three separate unsecured, non-guaranteed loans of 1 billion yen each, bearing fixed interest rates of 2.54%, 2.37375%, and 2.1975%, respectively, with maturities ranging from 2031 to 2033.The funds will be used to fully repay a long-term borrowing of 3 billion yen that comes due on May 27.After the transaction, the REIT's total interest-bearing debt will remain unchanged at 243 billion yen, with no changes to the investment risks previously disclosed.

$TYO:8955
Asia

Invincible Investment April Hotel Gross Revenue Slips Amid China Visitor Drop

Invincible Investment (TYO:8963) domestic hotel portfolio gross revenue slipped 0.1% to 9.28 billion yen in April, according to a Tokyo bourse filing on Monday.The REIT's February revenue Per Available Room (RevPAR) decreased 1.6% year-on-year to 12,579 yen, while the occupancy rate gained 0.8 points to 85.8% and the average daily rate (ADR) declined 2.5% to 14,666 yen.The year-on-year change reflected the absence of Expo 2025 accommodation demand, fewer Chinese tourists due to strained bilateral ties, and Easter-driven demand shifting from April to March, though excluding the China impact, overall inbound demand stayed strong with no material effect from the Middle East situation.The REIT forecasts May RevPAR to be approximately 4% higher than the same month last year.For the Cayman Islands hotels, RevPAR jumped 18% to $514, with a higher occupancy of 71.6%, while ADR fell to $718.Gross revenue for the Cayman properties increased 16% year on year to $12.4 million.

$TYO:8963
Asia

Indus Towers' CFO to Step Down in August

Indus Towers (NSE:INDUSTOWER, BOM:534816) said Chief Financial Officer Vikas Poddar will resign from the role, effective Aug. 18, to seek opportunities outside the company, according to an Indian bourse filing on Friday.Shares of the company rose around 1% in Monday's trade.

$BOM:534816$NSE:INDUSTOWER